Coinbase, Exchanges

Is Coinbase ERC-20 or Bep2?

Coinbase is a popular cryptocurrency exchange and wallet service that is often used by crypto investors. The company has been in operation since 2012 and is one of the most well-known names in the space.

Coinbase supports a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. In recent months, Coinbase has been in the news for its plans to list a number of new assets on its platform, including ERC-20 tokens.

ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. Ethereum is the second-largest cryptocurrency by market capitalization and has a large ecosystem of decentralized applications (dApps) built on top of it. ERC-20 tokens are digital assets that can be used to represent anything from utility tokens to digital art.

NOTE: It is important to note that Coinbase does not support ERC-20 or Bep2. Coinbase is a digital currency exchange and wallet provider and does not support any specific blockchain protocol. Therefore, please do not attempt to send ERC-20 or Bep2 tokens to a Coinbase wallet as this will result in the loss of funds.

BEP2 is a token standard that was developed by Binance, one of the world’s largest cryptocurrency exchanges. BEP2 tokens are similar to ERC-20 tokens in that they can be used to represent assets on a blockchain, but they are not compatible with Ethereum smart contracts.

So, which one is Coinbase? ERC-20 or Bep2? Unfortunately, we cannot say for sure as Coinbase has not yet announced which token standard it will support for the new assets it plans to list. However, given Coinbase’s history of listing Ethereum-based assets, it is likely that the exchange will support ERC-20 tokens.

This would give investors access to a wider range of assets and allow them to take advantage of the many dApps built on Ethereum.

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